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Retail

Lack of inclusivity to blame for Victoria’s Secrets’ demise

The UK arm of Victoria’s Secrets has fallen into administration. Sofie Willmott, Lead Retail Analyst at GlobalData, a leading data and analytics company, offers her view on this news; “Victoria’s Secrets’ 25 UK stores are at risk in yet another blow to retail landlords as clothing & footwear spend continues to shift online. The underwear […]
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Card Factory’s reliance on stores detrimental as COVID-19 forces shops to shut

“Card Factory’s latest results highlight that its overall sales performance continues to be driven by new store openings (it added a net 50 new stores in the period) while its existing stores failed to achieve l-f-l growth. With these results covering the period prior to the impact of COVID-19 in the UK and its store estate closed as a consequence, current performance will be considerably worse given its low online penetration. Card Factory has […]
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COVID-19 forces wholesalers to venture into retail, says GlobalData

The prolonged global lockdown caused by the COVID-19 pandemic has hit many businesses, including food wholesalers supplying foodservice operators and virtually eliminating sales through these channels for wholesalers. Therefore, it is extremely important for them to look for alternative revenue streams amidst COVID-19 uncertainties surrounding their clients’ operations. The constant challenge of meeting operational expenses […]
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China’s online grocery sector set for explosive growth as over half of consumers shift to online shopping, says GlobalData

As China emerges from the lockdown restrictions, 56.0% of Chinese consumers are buying food and grocery online more frequently than before, says GlobalData, a leading data and analytics company. Thomas Brereton, Retail Analyst at GlobalData, comments: “The impact of COVID-19 will leave a permanent mark on how we shop for groceries, with demand for home […]
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COVID-19 exacerbates Ted Baker’s troubles

Following today’s release of Ted Baker FY figures for 2019/20, Emily Salter, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘After a turbulent 2019, COVID-19 has dashed any hopes of a recovery in 2020 for Ted Baker as fashion is forecast to be one of the most negatively impacted sectors, with GlobalData predicting […]
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Weak Monsoon blown down by event cancellations

Monsoon Accessorize is reportedly on the brink of administration. Sofie Willmott, Lead Retail Analyst at GlobalData, a leading data and analytics company, offers her view on this news; “Monsoon Accessorize was one of the many retailers looking unsteady on its feet prior to the COVID-19 pandemic, with its CVA launched in July 2019 not enough […]
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Shops will not spring back to life on 15 June

John Lewis & Partners has announced it will phase the reopening of its department stores, only opening two stores on 15 June. Sofie Willmott, Lead Retail Analyst at GlobalData, a leading data and analytics company, offers her view on this news; “John Lewis & Partners’ plan announced today to open just two of its 50-strong […]
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Reliance’s new grocery delivery service Jiomart is well-placed to make gains in India’s fast-growing online food market

Following the news that Indian conglomerate Reliance Industries is launching a grocery delivery app under the banner Jiomart in 200 towns and cities across India; Thomas Brereton, Retail Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “Ultra-convenience food delivery opportunities are booming amid the COVID-19 outbreak, and Reliance is clearly looking to turn fresh demand into revenue, […]
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Additional two-week delay in opening is another blow for clothing & footwear retailers

The government has set out plans for non-essential retailers to open stores from 15 June. Sofie Willmott, Lead Retail Analyst at GlobalData, a leading data and analytics company, offers her view on this news; “Non-essential retailers whose stores have been closed for almost 10 weeks already, now cannot open until mid-June resulting in another two weeks’ of missed sales and two weeks less to clear through […]
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Burberry better positioned to face COVID-19 thanks to digital expertise

Following today’s release of Burberry FY figures for 2019/20, Sofie Willmott, Lead Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Burberry’s full year performance was significantly impacted by the pandemic originating in its biggest market, APAC, however it is starting to see green shoots of recovery in this region and can leverage […]
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Over 30% of UK consumers plan to spend more locally post-COVID-19

Local retailers are set for a much needed post-lockdown boost as almost one in three British consumers say they will visit local shops more frequently than they did before the crisis*, says GlobalData, a leading data and analytics company. Sofie Willmott, Lead Retail Analyst at GlobalData, comments: “The COVID-19 pandemic has reignited the importance of […]
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Record-breaking year for Pets at Home dampened by cautious COVID-19 outlook, says GlobalData

Following today’s release of Pets at Home FY figures for 2019/20, Hannah Richards, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘With an outstanding performance in Q42019/20, Pets at Home delivered an exceptional full year trading, with total group revenue surpassing the billion pound mark, rising 10.2% to £1,058.8m. It achieved growth across […]
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Top 25 retailers by market capitalization in Q1 2020 see QOQ decline with exception of Amazon and JD Sports, says GlobalData

Most of the top 25 publicly traded global retailers by market capitalization (MCap) reported quarter-on-quarter (QoQ) declines for the first quarter (Q1) ending 31 March 2020, with Amazon and JD.com being exceptions, according to GlobalData, a leading data and analytics company. Keshav Kumar Jha, Company Profiles Analyst at GlobalData, comments: “Amazon’s share price recovered by […]
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